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    AUZ   AU000000AUZ8

AUSTRALIAN MINES LIMITED

(AUZ)
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/25
0.19 AUD   -7.32%
01/09AUSTRALIAN MINES : Change of Director's Interest Notice x 4
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2021Australian Mines Completes Share Consolidation
MT
2021AUSTRALIAN MINES LIMITED : REVERSE SPLIT: 1 of 10
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Australian Mines Limited Enters into Binding Long Form Offtake Agreement with LG Energy Solution for Mixed Nickel-Cobalt Hydroxide

08/15/2021 | 06:48pm EST

Australian Mines Limited advised that it has entered into a binding long form offtake agreement with LG Energy Solution for mixed nickel-cobalt hydroxide sourced from Australian Mines' world class, 100%-owned, Sconi Project in North Queensland, Australia. LG Energy Solution (LGES), a subsidiary of LG Chem, is the world's producer of advanced batteries for the electric vehicle industry 1. During the initial term of the Offtake Agreement, LGES will purchase 71,000 dry metric tonnes of nickel and 7,000 dry metric tonnes of cobalt in the form of a mixed hydroxide precipitate (MHP). MHP is a nickel and cobalt-containing intermediate product produced at Sconi that can be used as a raw material input for lithium-ion battery production. The execution of the Offtake Agreement is a major milestone for Australian Mines. The offtake quantities covered by the Offtake Agreement will account for 100% of the projected future production of Sconi creating a sound customer foundation to underpin its development. The agreement has only one Condition Precedent, which is that Australian Mines secures financing for construction of the Sconi Project on or before 30 June 2022 (or such later date as the parties may agree). Australian Mines will now move swiftly to finalise agreements with a range of financing partners. As is customary, negotiations with financing partners will be subject to Non-Disclosure or Confidentiality Agreements. Australia Mines will provide updates to the ASX regarding Sconi Project financing, in accordance with the Company's continuous disclosure obligations and commercial confidentiality restrictions.


ę S&P Capital IQ 2021
All news about AUSTRALIAN MINES LIMITED
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Financials
Sales 2021 0,06 M 0,05 M 0,05 M
Net income 2021 -4,49 M -3,22 M -3,22 M
Net cash 2021 3,30 M 2,36 M 2,36 M
P/E ratio 2021 -18,3x
Yield 2021 -
Capitalization 81,8 M 58,4 M 58,5 M
EV / Sales 2020 329x
EV / Sales 2021 1 331x
Nbr of Employees -
Free-Float 92,5%
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Managers and Directors
Benjamin John Bell Chief Executive Officer, MD & Executive Director
Michael Ramsden Independent Non-Executive Chairman
Tim Maclean Chief Operating Officer
Michael Elias Independent Non-Executive Director
Dominic Marinelli Independent Non-Executive Director